Billionaires Dump Amazon for Bitcoin ETFs 01/20/26
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Billionaires Dump Amazon for Bitcoin ETFs 01/20/26
Key Stories:
- The financial landscape is buzzing with talk about the “Magnificent 7,” and whether these market leaders will continue their ascent into 2026. While some, like Tesla, the electric vehicle giant, appear to be facing struggles, others are truly shining. Eli Lilly, the pharmaceutical powerhouse, continues its impressive surge, but it’s NVIDIA, the chip giant, that’s often at the forefront of the conversation regarding sustained strength among this elite group. The market is keenly watching for signs of divergence, contemplating which companies will maintain their leadership positions and which might see their star fade. Investors should monitor quarterly reports and strategic shifts for clues on who truly stays in the “magnificent” tier. Read more
- Adding to NVIDIA’s strong market position, the chip giant is significantly expanding its artificial intelligence platform, moving well beyond its traditional gaming and data center roots. Recent announcements include a wave of new AI hardware, such as the Blackwell-based GeForce RTX 5090 gaming cards and Vera Rubin data center systems, alongside crucial deep-life-sciences collaborations. NVIDIA has partnered with major players like Eli Lilly, the pharmaceutical company, Natera, and Thermo Fisher, extending its AI reach into areas like drug discovery, industrial automation, and privacy-first cloud infrastructure. This strategic diversification reinforces NVIDIA’s commitment to AI innovation, opening up vast new potential markets and solidifying its role as a pivotal technology enabler. Read more
- Shifting gears from traditional tech, some prominent hedge fund managers made significant portfolio adjustments in the third quarter. Notably, these successful investors sold shares of Amazon, the e-commerce and cloud computing behemoth, opting instead to purchase a spot Bitcoin ETF, specifically one issued by asset management giant BlackRock. This move highlights a growing institutional appetite for digital assets, with some Wall Street experts even projecting that these Bitcoin ETFs could see returns soaring up to an astonishing 13,500%. This re-allocation signifies a potential shift in investor sentiment, as some big money moves out of established tech stalwarts into the burgeoning cryptocurrency space. Read more
- Meanwhile, JPMorgan Chase, one of the nation’s largest investment banks, experienced a negative market reaction following its fourth-quarter earnings release, despite meeting Wall Street’s revenue expectations and exceeding non-GAAP profit estimates. The bank reported revenue of $46.8 billion, marking a 7% year-over-year increase, driven by higher markets revenue, growth in asset management fees, and increased auto lease income. However, the market’s concern appeared to stem from a significant reserve build related to its Apple Card portfolio. Chief Financial Officer Jeremy Barnum highlighted the strong top-line performance, but the focus remains on the bank’s credit quality and specific portfolio challenges impacting investor confidence. Read more
Keywords: AI, AMZN, Apple Card, BTC, Bitcoin ETF, Blackwell, GeForce, IBIT, JPM, LLY, Magnificent 7, NVDA, Q4 earnings, TSLA, asset allocation, bank stocks, credit quality, crypto, data center, deep life sciences, digital assets, drug discovery, earnings, financial services, gaming, hedge funds, innovation, market leadership, non-GAAP profit, partnerships, pharma, reserve build, revenue, tech stocks